State of New Jersey Common Pension Fund D maintained its position in shares of Anthem, Inc. (NYSE:ANTM) during the second quarter, Holdings Channel reports. The fund owned 40,000 shares of the company’s stock at the end of the second quarter. State of New Jersey Common Pension Fund D’s holdings in Anthem were worth $7,525,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Focused Investors LLC boosted its stake in Anthem by 12.7% in the first quarter. Focused Investors LLC now owns 944,800 shares of the company’s stock valued at $156,251,000 after buying an additional 106,600 shares during the period. State of Alaska Department of Revenue purchased a new stake in Anthem during the first quarter valued at $690,000. Quantitative Systematic Strategies LLC boosted its stake in Anthem by 42.7% in the first quarter. Quantitative Systematic Strategies LLC now owns 12,411 shares of the company’s stock valued at $2,053,000 after buying an additional 3,715 shares during the period. Bank of The West boosted its stake in Anthem by 1.1% in the first quarter. Bank of The West now owns 27,277 shares of the company’s stock valued at $4,511,000 after buying an additional 284 shares during the period. Finally, Telemus Capital LLC boosted its stake in Anthem by 12.2% in the first quarter. Telemus Capital LLC now owns 6,727 shares of the company’s stock valued at $1,113,000 after buying an additional 732 shares during the period. 89.81% of the stock is owned by hedge funds and other institutional investors.

Anthem, Inc. (NYSE ANTM) opened at 189.43 on Friday. Anthem, Inc. has a 52 week low of $114.85 and a 52 week high of $194.94. The firm has a market capitalization of $49.74 billion, a price-to-earnings ratio of 17.91 and a beta of 0.73. The firm has a 50-day moving average price of $189.83 and a 200 day moving average price of $176.05.

Anthem (NYSE:ANTM) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $3.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.23 by $0.14. The firm had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.25 billion. Anthem had a return on equity of 12.93% and a net margin of 3.24%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period last year, the company earned $3.33 EPS. On average, equities research analysts forecast that Anthem, Inc. will post $11.82 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Friday, September 8th will be given a $0.70 dividend. This is a positive change from Anthem’s previous quarterly dividend of $0.65. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Thursday, September 7th. Anthem’s dividend payout ratio (DPR) is currently 24.62%.

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Several research firms have recently weighed in on ANTM. BidaskClub cut Anthem from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Cantor Fitzgerald restated an “overweight” rating and set a $215.00 price target (up from $210.00) on shares of Anthem in a report on Wednesday, July 26th. Jefferies Group LLC restated a “hold” rating and set a $183.00 price target (up from $177.00) on shares of Anthem in a report on Sunday, April 23rd. Morgan Stanley began coverage on Anthem in a report on Tuesday, June 6th. They set an “equal weight” rating and a $196.00 price target on the stock. Finally, Deutsche Bank AG boosted their price target on Anthem from $173.00 to $185.00 and gave the stock a “hold” rating in a report on Thursday, July 13th. Twelve analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Anthem currently has an average rating of “Hold” and an average target price of $180.00.

In other news, EVP Thomas C. Zielinski sold 9,127 shares of Anthem stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $191.25, for a total value of $1,745,538.75. Following the sale, the executive vice president now directly owns 26,571 shares in the company, valued at approximately $5,081,703.75. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Julie A. Hill sold 524 shares of Anthem stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $190.80, for a total value of $99,979.20. Following the completion of the sale, the director now owns 36,924 shares in the company, valued at $7,045,099.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,754 shares of company stock worth $2,595,073. Corporate insiders own 0.36% of the company’s stock.

Anthem Company Profile

Anthem, Inc is a health benefits company. The Company operates through three segments: Commercial and Specialty Business, Government Business and Other. It offers a spectrum of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. Its managed care plans include preferred provider organizations; health maintenance organizations; point-of-service plans; indemnity plans and other hybrid plans, including consumer-driven health plans; and hospital only and limited benefit products.

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Institutional Ownership by Quarter for Anthem (NYSE:ANTM)

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